Shift4 Payments (NYSE:FOUR) Shares Down 6.4% - Should You Sell?

Shift4 Payments, Inc. (NYSE:FOUR - Get Free Report) shares traded down 6.4% during trading on Thursday . The stock traded as low as $83.88 and last traded at $84.51. 701,672 shares changed hands during trading, a decline of 61% from the average session volume of 1,812,611 shares. The stock had previously closed at $90.33.

Analyst Upgrades and Downgrades

FOUR has been the topic of several recent analyst reports. Benchmark lowered Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Morgan Stanley decreased their price objective on shares of Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $154.00 target price on shares of Shift4 Payments in a research note on Tuesday, March 4th. Piper Sandler reaffirmed an "overweight" rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, DA Davidson dropped their price objective on shares of Shift4 Payments from $140.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.30.

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Shift4 Payments Trading Up 0.3 %

The company has a current ratio of 1.38, a quick ratio of 2.97 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.04 and a beta of 1.76. The company has a fifty day moving average price of $107.10 and a two-hundred day moving average price of $99.63.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a return on equity of 29.00% and a net margin of 6.89%. As a group, research analysts forecast that Shift4 Payments, Inc. will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares in the company, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 30.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its stake in shares of Shift4 Payments by 41.9% in the third quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock valued at $43,666,000 after purchasing an additional 145,444 shares during the period. Jennison Associates LLC increased its holdings in Shift4 Payments by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock worth $251,098,000 after purchasing an additional 242,179 shares during the period. Moody National Bank Trust Division raised its position in Shift4 Payments by 86.5% in the 4th quarter. Moody National Bank Trust Division now owns 15,849 shares of the company's stock valued at $1,645,000 after purchasing an additional 7,349 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Shift4 Payments during the fourth quarter worth about $812,000. Finally, Chesapeake Capital Corp IL acquired a new stake in Shift4 Payments in the third quarter valued at approximately $552,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

About Shift4 Payments

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.